Crowds are expected to be heavy at RV shows this winter. RV sales have been rising steadily over the past five years, rebounding with the economy. Last year marked the fifth consecutive year of RV sales growth as sales of travel trailers, fifth wheels and other towable RVs approached pre-recession levels. Bloomberg.com predicts that the New Year will be another robust year for RV sales with a projected 2014 sales increase of around 11%.
Another positive indicator for the RV industry is the recent rise in the purchase of pricier motorized RVs. Spurred by a more favorable loan climate and led, in part, by greater demand for luxury RVs, motorhome sales turned around in 2013, posting a 30% sales gain. However, despite significant growth of the new RV and luxury RV markets, many RV buyers are still shopping for bargains. In response, RV manufacturers are turning out more mid-range RVs and the used RV market is heating up. In fact, Bloomberg noted, “sales of new vehicles have been below average for several years, creating a shortage of late-model used RVs at dealerships.”
The solution is to shop online. If you’re looking for a used RV, you will find the greatest selection and best deals online. On RVT.com, RV buyers can check out nearly 60,000 new and used RVs of every make and model; all for sale at very affordable prices.
As Bloomberg notes, “sales of new RVs are a significant indicator of discretionary spending.” RV ownership has increased 16% from 2001 and 64% from 1980. According to the Recreational Vehicle Industry Association (RVIA), nearly 9 million U.S. households now own an RV, about 8.5% of all U.S. households.
“Today’s record RV ownership levels reflect the enduring appeal of the RV lifestyle despite recent economic challenges,” RVIA President Richard Coon said on the organization’s website. “I expect RV ownership to continue growing as more and ore people learn how RVing is a cost-effective and fun way to spend time outdoor with family and friends.”
We agree. The road ahead looks clear and bright for RVers and the RV industry.